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East African Cables U Turn...
Rank: New-farer Joined: 2/15/2012 Posts: 29 Location: unimportant
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East African Cables banks on Sh2b sweetheart deal with Kenya PowerKenya Power has been importing cables from Chinese and Indian manufacturers, spending billions of shillings a year to purchase copper transmission wires. East African Cables landed a lucrative Sh2 billion contract with Kenya Power to supply cables that will be used in the Last Mile Connectivity programme. the management led by board chairman Zephaniah Mbugua is so confident about the impact of this deal that it has assured investors that they would take home dividends this year. He was quick to explain that the troubles bedeviling Transcentury had not reached at the subsidiary level. “We have stood strong as a company. In fact, the parent company has lent us money as we seek recovery,” Mbugua said. The company suffered a loss of Sh1.09 billion last year. The Emotional Dog and Its Rational Tail
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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citymayor wrote:East African Cables banks on Sh2b sweetheart deal with Kenya PowerKenya Power has been importing cables from Chinese and Indian manufacturers, spending billions of shillings a year to purchase copper transmission wires. East African Cables landed a lucrative Sh2 billion contract with Kenya Power to supply cables that will be used in the Last Mile Connectivity programme. the management led by board chairman Zephaniah Mbugua is so confident about the impact of this deal that it has assured investors that they would take home dividends this year. He was quick to explain that the troubles bedeviling Transcentury had not reached at the subsidiary level. “We have stood strong as a company. In fact, the parent company has lent us money as we seek recovery,” Mbugua said. The company suffered a loss of Sh1.09 billion last year. In Kenya investing in a company that relies on deals with the state to do well is very risky. Life is short. Live passionately.
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Rank: Member Joined: 8/17/2007 Posts: 294
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sparkly wrote:citymayor wrote:East African Cables banks on Sh2b sweetheart deal with Kenya PowerKenya Power has been importing cables from Chinese and Indian manufacturers, spending billions of shillings a year to purchase copper transmission wires. East African Cables landed a lucrative Sh2 billion contract with Kenya Power to supply cables that will be used in the Last Mile Connectivity programme. the management led by board chairman Zephaniah Mbugua is so confident about the impact of this deal that it has assured investors that they would take home dividends this year. He was quick to explain that the troubles bedeviling Transcentury had not reached at the subsidiary level. “We have stood strong as a company. In fact, the parent company has lent us money as we seek recovery,” Mbugua said. The company suffered a loss of Sh1.09 billion last year. In Kenya investing in a company that relies on deals with the state to do well is very risky. So is it 2b or 20b? http://www.standardmedia...t-deal-with-kenya-power
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9. plan. exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do. expectation. planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes. Pump n dump? KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes. Pump n dump? that 20billion tender and assurance that importing cables from China might be delt a blow when local players are given priority is creating hope however you must know transcentury is a brother "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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mlennyma wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes. Pump n dump? that 20billion tender and assurance that importing cables from China might be delt a blow when local players are given priority is creating hope however you must know transcentury is a brother @ mlennyma, information received. @mkate nusu. I agree. It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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instinct wrote:sparkly wrote:citymayor wrote:East African Cables banks on Sh2b sweetheart deal with Kenya PowerKenya Power has been importing cables from Chinese and Indian manufacturers, spending billions of shillings a year to purchase copper transmission wires. East African Cables landed a lucrative Sh2 billion contract with Kenya Power to supply cables that will be used in the Last Mile Connectivity programme. the management led by board chairman Zephaniah Mbugua is so confident about the impact of this deal that it has assured investors that they would take home dividends this year. He was quick to explain that the troubles bedeviling Transcentury had not reached at the subsidiary level. “We have stood strong as a company. In fact, the parent company has lent us money as we seek recovery,” Mbugua said. The company suffered a loss of Sh1.09 billion last year. In Kenya investing in a company that relies on deals with the state to do well is very risky. So is it 2b or 20b? http://www.standardmedia...t-deal-with-kenya-power
Im also wondering,So which was right,2 bilion or 20 bilion? Towards the goal of financial freedom
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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www.standardmedia.co.ke/...rt-deal-with-kenya-power"Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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mlennyma wrote:www.standardmedia.co.ke/mobile/article/2000200111/east-african-cables-banks-on-sh20b-sweetheart-deal-with-kenya-power very confused journalists "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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mlennyma wrote:mlennyma wrote:www.standardmedia.co.ke/mobile/article/2000200111/east-african-cables-banks-on-sh20b-sweetheart-deal-with-kenya-power very confused journalists thanks mlennma.its now clear its 20 bilion.Since they promised dividends based on this deal,i will see if i can also 'eat' something their.Did @pesa nane post their results? Towards the goal of financial freedom
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes. Pump n dump? @karasinga post cables chart here let us know if the dump has taken place KEGN, KPLC, KQ, SCOM
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes. Pump n dump? @karasinga post cables chart here let us know if the dump has taken place @mkate nusu bearish divergence with RSI  EXPECTATION 1. higher low(watch how price interact with the green lines) 2. a deep retracement 3. a strong rally might follow.(check my chart)  hope this helps It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes. Pump n dump? @karasinga post cables chart here let us know if the dump has taken place @mkate nusu bearish divergence with RSI EXPECTATION 1. higher low(watch how price interact with the green lines) 2. a deep retracement 3. a strong rally might follow.(check my chart) hope this helps @karasinga thanks. my observations from the chart as a student of your analysis: (feel free to correct me) 1. The 9 resistance was strongly rejected. (Shame on the vultures that tried dumping.) Can your software chart Fibonacci retracements from this level. 38.2% and 61.8% 2. Support at 8 is looking weak and 7.60 was tested intraday showing sellers are present 3. If a break below 7.50 happens during next sessions there is high chance we shall revisit the key 6.00 - 6.20 support level 4. From your analysis are you watching out 7.50 as a potential support? I ask coz there are gaps from 6 - 7.50 range on the upswing movement. KEGN, KPLC, KQ, SCOM
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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mkate_nusu wrote:karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes. Pump n dump? @karasinga post cables chart here let us know if the dump has taken place @mkate nusu bearish divergence with RSI EXPECTATION 1. higher low(watch how price interact with the green lines) 2. a deep retracement 3. a strong rally might follow.(check my chart) hope this helps @karasinga thanks. my observations from the chart as a student of your analysis: (feel free to correct me) 1. The 9 resistance was strongly rejected. (Shame on the vultures that tried dumping.) Can your software chart Fibonacci retracements from this level. 38.2% and 61.8% 2. Support at 8 is looking weak and 7.60 was tested intraday showing sellers are present 3. If a break below 7.50 happens during next sessions there is high chance we shall revisit the key 6.00 - 6.20 support level 4. From your analysis are you watching out 7.50 as a potential support? I ask coz there are gaps from 6 - 7.50 range on the upswing movement. freshas of stock markets having difficulty interpreting the above: 1. eacables touched a low of 5.90 on 4th April and twice again on 3rd June and 14th June 2. Since then it has made a 53.4 % gain in 2 months to touch a high of 9.05 on 17th August on thinly traded net negative volumes 3. The wolves of the market(they have no names and are not known to us but don't be fooled they are real) were trying to dump at the 10 level. However this was met with informed investors thanks to @karasinga and other chartists goodwill who have since rejected to be swindled at 9 and above Watch from distance and grab some popcorn while you're at it KEGN, KPLC, KQ, SCOM
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:mlennyma wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do. volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes. Pump n dump? that 20billion tender and assurance that importing cables from China might be delt a blow when local players are given priority is creating hope however you must know transcentury is a brother @ mlennyma, information received. @mkate nusu. I agree. might be leaving station...   DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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